Hungary June. Auto sales down 6.3% while Suzuki surged 14.6%

Hungarian Vehicles Market

Hungarian Vehicles Market suddenly fell down 6.3% in June, with 13.298 sales. However, the leader Suzuki improved in double-digits, reaching the highest market share in over a decade. Skoda and Volkswagen were the worsts performers in the Top 10.

 

Economic Environment

Hungarian’s economic growth appears to have carried over into the second quarter, with robust domestic demand continuing to shield the economy from the Euro area’s slowdown. Retail sales growth rose in April, signaling a faster rise in private consumption amid improved consumer sentiment and record-low unemployment. On average, households were less downbeat in Q2, especially in June thanks to a brighter outlook on personal finances. Meanwhile, industrial output remained buoyant in April, although moderated slightly as the manufacturing sector grapples with labor shortages.

 

Market Trend

Hungarian vehicles market was heavily hit by the 2008 crisis losing 75% of volumes. However, in the recent years a strong recovery allowed the light vehicles market to double sales from the 63.931 in the 2012 to 136.208 in the 2017, albeit light commercial vehicles declined for the end of a fiscal stimulus introduced the year before.

In the 2018 the market has kept the impressive run. Indeed, according to data released by the MGSZ, the Hungarian Associations of Car Manufacturers, starting with huge sales increase in the first quarters, the year ended with 136.534 sales with another astonishing 17.4% year-on-year improvement. Registrations has reached the highest level since 2008, closing with the 8th annual gain in a row.

In January, the market has reduced speed but it is still positive, with sales at 9.439 (+6.2%). February’s sales were better off marking a plus 8.1% with 10.773 registrations.

In March, the market experienced a speed reduction, but still recording positive result (+5%) with 13.391 units. Year-to-date registrations are 33.878 in a positive trend (+7.2%).

In April, sales are still positive (+3%) with 12.412 units, as well as in May – up a sturdy 10.4% – with 14.207 registrations. However, in June the market fell suddenly down by 6.3%, with 13.298 units sold, leading year-to-date figures at 74.608 (+5.5%).

 

Market Outlook

Despite having shown a robust increase in the recent years, the Hungarian market continues to be seen improving in the period 2019-2025. It will be a crucial step the European Community election for the new Parliament, scheduled in May 2019, because in the following months the European Community is expected to step ahead in changing the rules for Members in terms of fiscal policy, regional development support and social policy (including the respect of immigration rules, actually not respected by Hungary).

Being interested to know more, give a look at this updated research. Clicking on the picture, you can see contents.

 

 

Competitive Arena

Looking a the recent performance brand-wise, Suzuki is the best-selling brand with 11.698 sales (+1.3%).

In second place Ford with 7.051 sales (+0.3%) followed by Skoda with 6.486 (+0.7%) and Opel with 6.017 (+5.3%).

In fifth place, Toyota with 4.982 (-2%), Volkswagen with 4.893 (-1%), Dacia with 4.818 (+26.9%), Renault with 3.610 (+13.8), Kia with 3.435 (+14.2) and Hyundai with 2.618 (+11.4%).

At model wise, Suzuki Vitara is the leader among models with 5.093 sales (-22.5%) ahead of the Suzuki SX4 S-Cross with 4.703 (+76.5%) and the Skoda Octavia with 3.707 (+3%).

Rank 2019Rank 2018BrandSales YTD 2019Jun 2019'+/- YTD 2019 Var'+/- Jun 19Share YTD 2019Share June 2019
11Suzuki11.6982.6231,3%14,6%15,7%19,7%
22Ford7.0511.1410,3%-9,1%9,5%8,6%
33Skoda6.4861.0820,7%-14,5%8,7%8,1%
44Opel6.0171.1325,3%-4,2%8,1%8,5%
56Toyota4.982910-2,0%-6,3%6,7%6,8%
65Volkswagen4.893792-1,0%-27,7%6,6%6,0%
77Dacia4.81899626,9%20,7%6,5%7,5%
88Renault3.61082413,8%-5,3%4,8%6,2%
99Kia3.43566314,2%9,8%4,6%5,0%
1012Hyundai2.61837711,4%-10,2%3,5%2,8%
1113Fiat2.51840037,3%-1,2%3,4%3,0%
1211Mercedes2.159204-0,2%-54,5%2,9%1,5%
1310Nissan2.093293-16,6%-28,0%2,8%2,2%
1414BMW1.95844027,6%-7,9%2,6%3,3%
1517Audi1.50220245,8%-25,2%2,0%1,5%
1618Honda1.2338010,5%-20,5%1,7%0,6%
1716Mazda1.136160-12,4%-23,8%1,5%1,2%
1815Peugeot1.0892030,9%-13,6%1,5%1,5%
1919Seat1.011204-1,4%-18,4%1,4%1,5%
2020Volvo975907,2%-30,8%1,3%0,7%
2121Citroen822601,6%-29,4%1,1%0,5%
2224Lexus4598519,3%21,0%0,6%0,6%
2322Jeep443679,9%8,0%0,6%0,5%
2423Lada42283-9,2%-11,0%0,6%0,6%
2525Mitsubishi3345011,0%10,0%0,4%0,4%
2627Mini1412219,1%22,0%0,2%0,2%
2728Alfa Romeo1282712,5%16,0%0,2%0,2%
2829Jaguar1051013,2%16,0%0,1%0,1%
2932Land Rover1001111,1%8,0%0,1%0,1%
3033Infiniti85166,7%5,0%0,1%0,1%
3126SsangYong8419-6,4%-10,0%0,1%0,1%
3231Porsche8190,4%3,0%0,1%0,1%
3330Subaru6610-10,8%-11,0%0,1%0,1%
3434Smart1756,0%6,0%
3535Tesla12136,3%42,0%
3636DS1229,3%6,0%
3738Ferrari82100,0%100,0%
3837Maserati4125,0%25,0%
3939Bentley2260,0%60,0%

Rank 2019Rank 2018GroupSales YTD 2019Jun 2019'+/- YTD 2019 Var'+/- Jun 19Share YTD 2019Share June 2019
11Volkswagen Group13.9752.2913,4%-20,8%18,8%16,9%
23Suzuki11.6982.6231,3%14,6%15,7%19,3%
32Renault Nissan Alliance11.3632.26110,1%0,3%15,3%16,7%
44P.S.A.7.9401.3974,3%-7,1%10,7%10,3%
55Ford Group7.0511.1410,3%-9,1%9,5%8,4%
67Hyundai-Kia6.0531.04013,0%1,6%8,1%7,7%
76Toyota Group5.441995-0,5%-4,4%7,3%7,3%
88F.C.A.3.10149731,5%1,0%4,2%3,7%
99Mercedes Daimler2.176209-0,1%-53,8%2,9%1,5%
1010BMW2.09846227,0%-6,9%2,8%3,4%

Rank 2019Rank 2018ModelsSales YTD 2019Sales June'+/- June'+/- YTD 2019
11Suzuki Vitara5.0931.444,0-6,6%-22,5%
23Suzuki SX4 S-Cross4.703910,0100,4%76,5%
32Skoda Octavia3.707648,03,0%8,4%
44Dacia Duster2.335494,033,2%54,1%
58Renault Clio1.710302,01,7%40,2%
611Fiat 5001.680264,054,4%64,2%
712Opel Corsa1.627313,0108,7%89,6%
85Ford Focus1.499234,0-29,7%-31,7%
96Ford Kuga1.401169,0-46,7%-13,1%
1020Kia Cee’d1.354295,0110,7%45,6%
119Toyota Yaris1.291358,00,0%0,0%
127Opel Astra K1.284187,016,9%8,2%
1329Suzuki Swift1.264200,066,7%84,0%
1410Nissan Qashqai1.082121,0-30,9%-16,2%
1531Toyota Corolla1.011120,00,0%62,0%
1616Opel Astra J1.00978,00,0%0,0%
1717Dacia Sandero1.003265,0130,4%11,8%
1818Skoda Rapid959258,00,0%
1915Volkswagen Golf950172,0-4,3%
2014Toyota C-HR945163,0-5,7%
2119Kia Sportage891170,0-7,7%
2228Toyota RAV4845110,037,4%
2321Volkswagen Passat817118,00,0%
2423Renault Captur781265,014,2%4,4%
2524Skoda Fabia77890,0
2622Opel Mokka X740135,0
2727Hyundai i3072179,0
2813Toyota Auris714114,0-5,0%-27,9%
2936Volkswagen Jetta68270,0
3033Hyundai Tucson638150,0

(1785)

Share: